VW 2011 post-tax profit 16 bln eur - report

Newswire

FRANKFURT, Feb 24 (Reuters) - German carmaker Volkswagen has more than doubled its profit after tax in 2011 to 16 billion euros ($21.3 billion), a German paper reported on Friday. The board will therefore propose a significantly higher dividend, the Hannoversche Allgemeine Zeitung said, without citing its sources. The paper added the works council has asked for a bigger bonus for employees. Volkswagen reported profit after tax of 7.2 billion euros in 2010. Its supervisory board is due to ...

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